Dec 4, 2012 5:00pm EST
president clinton to cut tax rates. many democrats opposed him then because the tax cuts were unfair, favoring the highest-income americans. to overcome that obstacle, the republicans resorted to a parliamentary technique, budget reconciliation, a maneuver that allowed for passage of their tax cuts but forced them to expire after 2010, at the end of the ten-year budget window. so we scroll forward to 2010. as 2010 ended, president obama and many democrats in congress, including myself, wanted to extend the tax cuts for middle-class families but let rates on income above $200,000 for an individual and $250,000 for a family revert to the clinton era levels. our senate republican friends filibustered that effort, refusing to allow the middle-class tax cut without a tax cut for the highest incomes as well. their hostage strategy worked that time and the president and senate democrats reluctantly agreed to extend the tax cuts for two more years. so now the two years is up and these tax rates are again set to expire. that's why senate democrats passed the middle-class tax cuts act in july.
Dec 3, 2012 5:00pm EST
looks forward to the event. >> this president clinton have any remarks were suggestions to president obama through their golf game on the fiscal cliff? >> for reasons that would be apparent to anybody who's seen me sitting at golf club i was not there and therefore do not know. [inaudible] >> and a president obama enjoyed the session, but beyond that i don't have anything else for you. [inaudible] >> can you give us more detail about who will be here, how many end the dialog does not already part of the conversation? >> the president looks forward to the meeting. i think we will have details on that later this evening. i don't have a list for you. >> in concept, talk about what experience governors have, what is hoping to hear every day. >> governors have a lot at stake in this process. they've been interesting seeing washington get its fiscal house in order. they see action to ensure that the economy continues to grow. governors broadly speaking having an interest in washington making wise investments and rebuilding our infrastructure. they obviously have a stake in our health care
Dec 6, 2012 9:00am EST
that president was in cambodia right after the election. he was in burma. secretary clinton moved widely throughout the region as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump in what we've done in the past, and we're looking for opportunities to do more exercise. we're doing more of those things already. i think it's visible to our allies. i think it's visible to our partners. not to be invisible to the region. we also want to jump, where's the next summary our aircraft carrier, that's always the sake of. and we will, over time as you heard secretary panetta said, we will rebalance our navy towards the pacific, and i party mentioned in my opening remarks, we are rapidly moving our most capable assets in the region because of some of the ballistic missile defense will be facing of those types of things. so i think it's not about one thing. it's about a holistic approach, and what if you on the military side is only one aspect of a. it's got to be tied to what's happening in the economic side in what's happening in the diplomatic s